Collegetracks
- Assets
- $847.1k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Silver Spring, MD
- Founding
- 05/2006
- Data as of
- 06/2023
- EIN
- 20-4499806
Organization Overview
Collegetracks is located in Silver Spring, MD. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Collegetracks employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegetracks is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Collegetracks generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 11.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHANGES LIVES AND COMMUNITIES BY GIVING LOW-INCOME AND FIRST GENERATION-TO-COLLEGE STUDENTS THE CHANCE TO GO TO COLLEGE WITH ENOUGH FINANCIAL AID AND CONTINUING SUPPORT TO ATTAIN DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OFFER: (1) COLLEGE ADMISSIONS AND FINANCIAL AID ADVISING TO STUDENTS AND FAMILIES SO THEY SUCCESSFULLY NAVIGATE THE COLLEGE ADMISSIONS PROCESS; (2) COLLEGE SUCCESS ADVISING TO INCREASE THE LIKELIHOOD THAT LOW-INCOME, FIRST-GENERATION COLLEGE STUDENTS WILL ATTAIN DEGREES.
SCHOLARSHIPS: THE B-CC COMMUNITY SCHOLARSHIPS AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anupam Ghosh Director | Trustee | 1 | $0 |
Bob Phillips Director | Trustee | 1 | $0 |
Carolyn Wimbly Martin Director | Trustee | 1 | $0 |
Christina Ryan Digiulian Director | Trustee | 1 | $0 |
Christopher Kim Treasurer | OfficerTrustee | 2 | $0 |
Faye Levin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $997,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,476,485 |
| Noncash contributions included in lines 1a–1f | $17,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,473,870 |
| Total Program Service Revenue | $0 |
| Investment income | $159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,474,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,530 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,580 |
| Compensation of current officers, directors, key employees. | $11,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,624,819 |
| Pension plan accruals and contributions | $30,739 |
| Other employee benefits | $398,147 |
| Payroll taxes | $159,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,937 |
| Advertising and promotion | $0 |
| Office expenses | $14,919 |
| Information technology | $2,975 |
| Royalties | $0 |
| Occupancy | $88,421 |
| Travel | $1,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $573 |
| Interest | $5,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,552 |
| All other expenses | $5,387 |
| Total functional expenses | $2,705,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,519 |
| Savings and temporary cash investments | $34,313 |
| Pledges and grants receivable | $285,000 |
| Accounts receivable, net | $45,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,231 |
| Net Land, buildings, and equipment | $21,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,017 |
| Total assets | $847,098 |
| Accounts payable and accrued expenses | $179,439 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $225,147 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $270,522 |
| Total liabilities | $675,108 |
| Net assets without donor restrictions | -$541,298 |
| Net assets with donor restrictions | $713,288 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $847,098 |